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INVENTORIES, NET
3 Months Ended
Nov. 30, 2017
Inventory Disclosure [Abstract]  
Inventories, net
NOTE 5. INVENTORIES, NET

The majority of the Company's inventories are in the form of semi-finished and finished goods. The Company’s business model, with the exception of the International Marketing and Distribution segment, is such that products are sold to external customers in various stages, from semi-finished billets through fabricated steel, leading these categories to be combined. Inventories in the International Marketing and Distribution segment are sold as finished goods. As such, work in process inventories were not material at November 30, 2017 and August 31, 2017. At November 30, 2017 and August 31, 2017, $131.3 million and $116.8 million, respectively, of the Company's inventories were in the form of raw materials.